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TP ICAP Group PLC
Director's Dealing • Nov 13, 2024
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 1333M
TP ICAP Group plc
13 November 2024
TP ICAP Group plc
LEI: 2138006YAA7IRVKKGE63
13 November 2024
TP ICAP Group plc (the 'Company' or 'TP ICAP')
Notification of transactions by persons discharging managerial responsibilities ('PDMRs')
On 12 November 2024, the Company received the following notification relating to the vesting of awards granted on 12 November 2021 over ordinary shares of 25p each of the Company (the "Company Shares") under the rules of the TP ICAP Group plc Long Term Incentive Plan (the "2021 LTIP").
Vesting of awards
Following the vesting on 12 November 2024, a total of 453,109 Company Shares were released by the TP ICAP Employee Benefit Trust ("EBT") to the PDMRs named in the table below, who then elected to sell a number of shares to settle the income tax and national insurance ("NI") liabilities and dealing charges arising upon the vesting of the awards. The market sale of the shares to discharge the income tax, NI liability and dealing charges incurred as a result of the 2021 LTIP awards vesting were completed on 12 November 2024. The awards vesting under the 2021 LTIP to the named PDMRs are subject to a further 2-year holding period post-vesting.
The table below sets out the number of Company Shares released to each PDMR, the number of Company Shares subsequently sold to discharge the income tax, NI liability and dealing charges incurred as a result of their awards vesting, and the number of Company Shares retained by each PDMR.
| PDMR | Nicolas Breteau | Philip Price | Robin Stewart |
| Title | Chief Executive Officer |
Group General Counsel | Chief Financial Officer |
| 2021 LTIP | |||
| Company Shares Released | 205,831 | 124,619 | 122,659 |
| Company Shares sold to discharge tax and NI liabilities and dealing charges | 96,984 | 58,719 | 57,795 |
| Sale price per Company Share (£) | 2.54 | 2.54 | 2.54 |
| Company Shares Retained | 108,847 | 65,900 | 64,864 |
Notifications
The following notifications are made in accordance with the requirements of the UK Market Abuse Regulation and provides further detail.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nicolas Breteau
2
Reason for the notification
a)
Position/status
Director and PDMR
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
TP ICAP Group plc
b)
LEI
2138006YAA7IRVKKGE63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Transaction 1
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 25p each
JE00BMDZN391
b)
Nature of the transaction
Transfer of ordinary shares of 25p each in TP ICAP Group plc from the TP ICAP Employee Benefit Trust to the PDMR following the vesting of the TP ICAP Group plc Long Term Incentive Plan 2021 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 205,831 |
d)
Aggregated information
- Aggregated volume
- Price
205,831
£nil
e)
Date of the transaction
12 November 2024
f)
Place of the transaction
Outside a trading venue
Transaction 2
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 25p each
JE00BMDZN391
b)
Nature of the transaction
Sale of ordinary shares of 25p each in TP ICAP Group plc to meet the income tax and national insurance liabilities and dealing charges arising upon the vesting of the TP ICAP Group plc Long Term Incentive Plan 2021 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £2.54 | 96,984 |
d)
Aggregated information
- Aggregated volume
- Price
96,984
£2.54
e)
Date of the transaction
12 November 2024
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Philip Price
2
Reason for the notification
a)
Position/status
Director and PDMR
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
TP ICAP Group plc
b)
LEI
2138006YAA7IRVKKGE63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Transaction 1
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 25p each
JE00BMDZN391
b)
Nature of the transaction
Transfer of ordinary shares of 25p each in TP ICAP Group plc from the TP ICAP Employee Benefit Trust to the PDMR following the vesting of the TP ICAP Group plc Long Term Incentive Plan 2021 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 124,619 |
d)
Aggregated information
- Aggregated volume
- Price
124,619
£nil
e)
Date of the transaction
12 November 2024
f)
Place of the transaction
Outside a trading venue
Transaction 2
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 25p each
JE00BMDZN391
b)
Nature of the transaction
Sale of ordinary shares of 25p each in TP ICAP Group plc to meet the income tax and national insurance liabilities and dealing charges arising upon the vesting of TP ICAP Group plc Long Term Incentive Plan 2021 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £2.54 | 58,719 |
d)
Aggregated information
- Aggregated volume
- Price
58,719
£2.54
e)
Date of the transaction
12 November 2024
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Robin Stewart
2
Reason for the notification
a)
Position/status
Director and PDMR
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
TP ICAP Group plc
b)
LEI
2138006YAA7IRVKKGE63
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Transaction 1
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 25p each
JE00BMDZN391
b)
Nature of the transaction
Transfer of ordinary shares of 25p each in TP ICAP Group plc from the TP ICAP Employee Benefit Trust to the PDMR following the vesting of the TP ICAP Group plc Long Term Incentive Plan 2021 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £nil | 122,659 |
d)
Aggregated information
- Aggregated volume
- Price
122,659
£nil
e)
Date of the transaction
12 November 2024
f)
Place of the transaction
Outside a trading venue
Transaction 2
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 25p each
JE00BMDZN391
b)
Nature of the transaction
Sale of ordinary shares of 25p each in TP ICAP Group plc to meet the income tax and national insurance liabilities and dealing charges arising upon the vesting of the TP ICAP Group plc Long Term Incentive Plan 2021 award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £2.54 | 57,795 |
d)
Aggregated information
- Aggregated volume
- Price
57,795
£2.54
e)
Date of the transaction
12 November 2024
f)
Place of the transaction
London Stock Exchange
Enquiries
Vicky Hart
Group Company Secretary
+44 (0) 20 7200 7117
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